SEBI has proposed that the disclosures made within the draft pink herring (DRHP) and pink herring (RHP) prospectus of public points be made obtainable in audio-visual (AV) format by the issuer firms itemizing on the principle board. The AV shall be in English and Hindi and made obtainable in public area.
That is to supply ease in understanding the salient options and supply reference to varied disclosures of the proposed public challenge.
The period of the AV shall be a most of 8 minutes. The full period shall be equitably distributed among the many materials disclosures made underneath varied sections of the general public challenge supply doc equivalent to threat elements, capital construction, objects of the supply, enterprise of the issuer, monetary data, litigations and materials developments.
The content material of the AV needs to be factual, non-repetitive and non-promotional in nature. The AV shall be revised on the RHP stage. The AV shall be printed inside 5 working days of submission and resubmission of DRHP.
It needs to be made obtainable in digital/social media platforms of the Issuer and Affiliation of Funding Bankers of India (AIBI). The net hyperlink of the AV shall be made obtainable on the web sites of inventory exchanges, lead managers and accessible from the QR code pertaining to the general public challenge.
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